The current price: 10952
Key point: 10840
Our preferred direction: buying positions above 10840 levels, targeting 11422 as a first target, then 11567 as a second target
Alternative scenario: stop loss and change direction by breaking 10840, targeting 10320
Technical comment
The US NASDAQ index reached support levels 10682-10840, which correspond to the harmonic SHARK pattern, with an 88% Fibonacci retracement rate, so that the price is expected to rise from these levels to reach 11422-11567 levels.
